We are pleased to announce the proposed issuance by Maybank IB of up to 100,000,000 European style non-collateralised cash settled call warrants over the SIME Shares.

SIME-C71 is constituted by the Deed Poll dated 5 December 2022 executed by us for the Structured Warrants, as supplemented from time to time. SIME-C71 is subject to the terms and conditions of the Base Prospectus dated 8 December 2022, the First Supplementary Base Prospectus dated 25 September 2023 and the Term Sheet dated 31 October 2023.

SIME-C71 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. A summary of the principal terms of SIME-C71 is set out in the attachment.